Home / Knowledge / News / Textiles / Consolidated sales at Lenzing rise by 20.9%

Consolidated sales at Lenzing rise by 20.9%

14
Apr '08
The Lenzing Group confirms the preliminary figures for 2007, released on 14 March 2008.

Thanks to excellent general economic conditions, and as a consequence of the Group's dynamic expansion the result of 2007 surpasses the very good result of the previous business year.

The start-up of the new viscose fiber plant in Nanjing (China), price increases in core business cellulose fibers and company acquisitions by segment Plastics generated a strong growth spurt.

Consolidated sales rose by 20.9% to EUR 1.26 bill. (2006: EUR 1.04 bill.), EBITDA increased by 35.4% to EUR 229.3 mill. (2006: EUR 169.3 mill.), and EBIT grew by 50.6% to EUR 162.3 mill. (2006: 107.8 mill.).

Net income improved to EUR 117.6 mill. (2006: 88.4 mill.), a plus of 33.1%. The management board will propose a dividend per share of EUR 14.00 (2006: EUR 10.00) to the regular shareholders' meeting.

The results for the first quarter 2008 will be released on 9 May. The regular shareholders' meeting will be held at Lenzing on 12 June 2008.

Lenzing Group


Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search